Korea Daily News (November 29, 2024)

Politics

  • Haerum Industrial Belt Special Act: The Haerum Alliance Promotion Committee is set to launch in January next year, attracting attention as a solution to regional extinction.
  • Impeachment of Auditor General Choi Jae-hae: The Democratic Party is pursuing impeachment, citing violations of constitutional order.
  • Yoon-Riga Normal Summit: Strengthening cooperation in biotechnology and pharmaceuticals while condemning Russia-North Korea military collaboration.
  • Redevelopment of First-Generation New Towns: Announcement of leading districts caused significant apartment price increases in some areas.
  • Controversy Over Residence Relocation Documents: The Democratic Party escalates pressure on the Yoon government for withholding records.

 

Society

  • NewJeans Contract Dispute: The group announced contract termination with ADOR, with potential legal conflicts ahead.
  • Songpa Family Death Case: Elderly couple and their son found dead; police investigation underway.
  • Cup Noodles Controversy on Snowy Road: A bus driver’s actions of eating cup noodles on a congested snowy road sparked debate.

 

Economy

  • SBI Shinsei Bank Special Savings: Offering young customers under 28 interest rates three times higher than usual.
  • Shinsegae Gangnam Sales Surpass $3 Trillion: Achieved through a rise in VIP and foreign customers despite economic slowdowns.
  • Spike in Unsold Housing Units: Over 1,000 unsold homes reported in Incheon alone, the highest in four years.
  • Tae Young Construction Restructuring: Executing leadership changes to address construction market stagnation.
  • Credit Card Benefit Reductions: Popular cards are being discontinued due to declining profitability.

 

International

  • EU Utilizes Frozen Russian Assets: Allocating approximately $27 billion to aid Ukraine.
  • China Restricts Apple’s AI Technology: Imposing limitations on Apple’s AI adoption.
  • Australia Enforces Social Media Age Restrictions: Starting November 2025, platforms like Instagram and TikTok will be off-limits to users under 16.
  • France Pushes for Sustainable Water Use: VAT increases proposed to encourage tap water consumption.
  • China-US Tensions: Concerns over economic decline driven by ongoing trade wars.

 

Culture

  • Van Gogh Masterpiece Exhibition: Rare exhibition showcasing Van Gogh originals for the first time in 12 years.
  • Disney’s Live-Action “Moana”: Filming set in Oceania’s Polynesian islands.
  • 45th Blue Dragon Film Awards: Attention centered on actor Jung Woo-sung amidst ongoing controversies.
  • Busan International Children’s Book Fair: Featuring author Lee Soo-ji as a first-time participant.
  • Broadcaster Turns Opera Narrator: Jun Hyun-moo collaborates with the Seoul Opera Company.
  • Yang Hong-won Celebrates Fatherhood: Shares news of becoming a father on social media.

 

Technology/IT

  • CrowdWorks Ventures into Short-Form Content: Expanding markets with AI-powered content creation.
  • Tesla Announces Game Studio Plans: Elon Musk teases gaming initiatives on platform X.
  • Blizzard Releases WOW 20th Anniversary Song: Tribute song by Junggigo honors the gaming community.
  • WOW Introduces Penalty for Dungeon Leavers: Repeated offenders face account suspensions.
  • Apple Lowers Payment Fees: Adjusting App Store policies in response to EU regulations.

 

Gaming

  • “Dave the Diver” Hits 5 Million Sales: Maintains steady popularity with impressive records.
  • Nexon Updates “KartRider Drift”: Major winter updates and content refresh.
  • “World of Warships” Holiday Event: Adds new ports and rewards.
  • “MU Origin 3” Introduces Ancient Deity Content: Players can enhance skills through new features.
  • “Black Clover Mobile” 1.5th Anniversary Event: Includes new stages and special rewards.

 

Environment

  • Flight Cancellations Due to Heavy Snow: Significant disruptions at major airports.
  • French Water Sustainability Law Discussed: Promoting increased tap water use through tax reforms.
  • Shinkansen Extension Developments: Expected to boost regional economies by connecting Sapporo and Niseko.
  • “Arctic Wonders” Holiday Game Event: Adding festive ports and themed rewards.

 

Sports

  • Coach Kim Seung-gi Testifies at KBL: Addressing allegations of player assault.
  • CFS 2024 Set in Hangzhou: Esports tournament to be hosted in China for the first time.

 

Real Estate/Construction

  • Redevelopment in Yongsan: “Seoul Core Yongsan” to rebrand and redevelop after 11 years.
  • Remaining Units at Seodaemun Central IPARK: Units available on a first-come, first-served basis.
  • Decline in Seoul Apartment Transactions: Hindered by tighter loan regulations and financial challenges.
  • Surge in Unsold Units in Incheon: Marking a four-year high in unsold housing.

 

Finance

  • Decline in Credit Card Benefits: Popular cards phased out amid falling revenue.
  • SBI Shinsei Bank Targets Young Clients: Increasing interest rates to attract new customers.
  • Positive Results in Retirement Fund Default Options: Korea Investment & Securities noted for high returns.

 

Health/Medical

  • Debate Over Medical School Capacity Increase: 56% public support for more slots despite concerns over medical service gaps.
  • Negative View of Government Healthcare Response: 66% of respondents disapprove of current healthcare policies.
  • Vaccination Discussions: Preparing for winter illnesses with improved vaccine supply plans.

 

Trends

  • Year-End Package Competitions: Limited-edition gifts and Christmas-themed promotions dominate markets.
  • Black Friday Flight Deals: Promoting international travel at discounted rates.
  • Apple Adjusts Payment Policies: Adapting to European regulations with reduced fees and alternative systems.